Hi friends,
The biggest question during the last period is – Is that the time to sell the Eur, if so, how to do it?
Well, I think the trend now is clear, and as long as the EURUSD holds below 1.2650 I will keep my bearish positions. I want to show you what I base my analyses on.
Weekly chart:
We can see that the support was broken strong and we have much more where to go for weekly BB duplication down. The target based on it is 1.18
Daily chart:
You can see that the flag was broken down and the indicator all aim for bearish direction
4 hours chart:
That’s the chart I will look to enter on. The circles provide the areas i will look for sells. I will go even for lower TF and watch for bearish divergence for best entry.
The final target, as I’ve mentioned is 1.18
So, if the European issues will last, we can enjoy from wonderful bearish ride.
Enjoy
Vladimir Ribakov
